HighCliff Metals Announces Proposed Consolidation
HighCliff Metals Corp (TSXV: HCM.H) (OTC: IMAHF) has announced plans to consolidate its common shares on a 4:1 basis. The consolidation will reduce the current 18,673,028 outstanding common shares to approximately 4,668,257 shares.
Under the consolidation terms, fractional shares equal to or greater than one-half will be rounded up, while those less than one-half will be cancelled without compensation. The company will maintain its trading symbol 'HCM.H' on the NEX board, and no name change is planned.
The consolidation requires approval from shareholders holding over 50% of outstanding shares as of February 28, 2025, which the company plans to obtain through written consent. The initiative aims to create a more attractive share structure for future capital financing and growth opportunities. The consolidation remains subject to Exchange approval.
HighCliff Metals Corp (TSXV: HCM.H) (OTC: IMAHF) ha annunciato piani per consolidare le proprie azioni ordinarie in un rapporto di 4:1. Il consolidamento ridurrà le attuali 18.673.028 azioni ordinarie in circolazione a circa 4.668.257 azioni.
In base ai termini del consolidamento, le azioni frazionarie pari o superiori a metà saranno arrotondate per eccesso, mentre quelle inferiori a metà saranno annullate senza compenso. L'azienda manterrà il proprio simbolo di trading 'HCM.H' sulla borsa NEX e non è previsto alcun cambio di nome.
Il consolidamento richiede l'approvazione degli azionisti che detengono oltre il 50% delle azioni in circolazione al 28 febbraio 2025, che l'azienda prevede di ottenere tramite consenso scritto. L'iniziativa mira a creare una struttura azionaria più attraente per future opportunità di finanziamento e crescita. Il consolidamento è soggetto all'approvazione della Borsa.
HighCliff Metals Corp (TSXV: HCM.H) (OTC: IMAHF) ha anunciado planes para consolidar sus acciones ordinarias en una proporción de 4:1. La consolidación reducirá las actuales 18,673,028 acciones ordinarias en circulación a aproximadamente 4,668,257 acciones.
Según los términos de la consolidación, las acciones fraccionarias iguales o superiores a la mitad se redondearán hacia arriba, mientras que aquellas inferiores a la mitad serán canceladas sin compensación. La compañía mantendrá su símbolo de negociación 'HCM.H' en la bolsa NEX, y no se planea ningún cambio de nombre.
La consolidación requiere la aprobación de los accionistas que posean más del 50% de las acciones en circulación a partir del 28 de febrero de 2025, que la empresa planea obtener a través de un consentimiento por escrito. La iniciativa tiene como objetivo crear una estructura de acciones más atractiva para futuras oportunidades de financiamiento y crecimiento. La consolidación está sujeta a la aprobación de la Bolsa.
HighCliff Metals Corp (TSXV: HCM.H) (OTC: IMAHF)는 4:1 비율로 보통주를 통합할 계획을 발표했습니다. 이번 통합으로 현재 18,673,028주의 보통주가 약 4,668,257주로 줄어듭니다.
통합 조건에 따라, 절반 이상인 분할 주식은 올림 처리되고, 절반 미만인 주식은 보상 없이 취소됩니다. 회사는 NEX 시장에서 거래 기호 'HCM.H'를 유지하며, 이름 변경은 계획되어 있지 않습니다.
이번 통합은 2025년 2월 28일 기준으로 발행된 주식의 50% 이상을 보유한 주주들의 승인이 필요하며, 회사는 서면 동의를 통해 이를 얻을 계획입니다. 이 이니셔티브는 향후 자본 조달 및 성장 기회를 위한 보다 매력적인 주식 구조를 만드는 것을 목표로 하고 있습니다. 통합은 거래소의 승인을 받아야 합니다.
HighCliff Metals Corp (TSXV: HCM.H) (OTC: IMAHF) a annoncé des plans pour consolider ses actions ordinaires sur une base de 4:1. La consolidation réduira les 18 673 028 actions ordinaires en circulation à environ 4 668 257 actions.
Selon les termes de la consolidation, les actions fractionnaires égales ou supérieures à la moitié seront arrondies à l'unité supérieure, tandis que celles inférieures à la moitié seront annulées sans compensation. L'entreprise conservera son symbole de négociation 'HCM.H' sur le marché NEX, et aucun changement de nom n'est prévu.
La consolidation nécessite l'approbation des actionnaires détenant plus de 50 % des actions en circulation au 28 février 2025, que l'entreprise prévoit d'obtenir par consentement écrit. L'initiative vise à créer une structure d'actions plus attrayante pour de futures opportunités de financement et de croissance. La consolidation reste soumise à l'approbation de la Bourse.
HighCliff Metals Corp (TSXV: HCM.H) (OTC: IMAHF) hat Pläne angekündigt, ihre Stammaktien im Verhältnis 4:1 zu konsolidieren. Die Konsolidierung wird die derzeit 18.673.028 ausstehenden Stammaktien auf etwa 4.668.257 Aktien reduzieren.
Nach den Bedingungen der Konsolidierung werden Bruchstücke von Aktien, die gleich oder größer als die Hälfte sind, aufgerundet, während solche, die kleiner als die Hälfte sind, ohne Entschädigung storniert werden. Das Unternehmen wird sein Handelssymbol 'HCM.H' an der NEX-Börse beibehalten, und es ist keine Namensänderung geplant.
Die Konsolidierung erfordert die Zustimmung von Aktionären, die mehr als 50% der ausstehenden Aktien zum 28. Februar 2025 halten, was das Unternehmen durch schriftliche Zustimmung zu erreichen plant. Die Initiative zielt darauf ab, eine attraktivere Aktienstruktur für zukünftige Kapitalfinanzierung und Wachstumschancen zu schaffen. Die Konsolidierung unterliegt der Genehmigung der Börse.
- Share consolidation may improve capital raising capabilities
- Potential for enhanced growth opportunities through improved share structure
- Reduction in total outstanding shares by 75%
- Cancellation of certain fractional shares without compensation
- Requires additional regulatory and shareholder approval
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2025) - HighCliff Metals Corp. (TSXV: HCM.H) (OTC: IMAHF) ("Company") announces that it intends to consolidate all of its issued and outstanding common shares (the "Common Shares") on the basis of four (4) pre-Consolidation Common Shares for every one (1) post-Consolidation Common Share (the "Consolidation"). The Common Shares will continue to trade on the NEX under the symbol "HCM.H," and the Company's name will not change.
There are currently 18,673,028 Common Shares issued and outstanding prior to completion of the Consolidation. Upon completion of the Consolidation, there are expected to be approximately 4,668,257 Common Shares issued and outstanding, subject to adjustment for fractional Common Shares. No fractional Common Shares will be issued as a result of the Consolidation. Fractional Common Shares equal to or greater than one-half (1/2) will be rounded up to the nearest whole number. Fractional Common Shares of less than one-half (1/2) will be cancelled without any repayment of capital or other compensation.
In accordance with the Policy of the NEX board ("NEX") of the TSXV Venture Exchange (the "Exchange") and Policy 5.8 of the Exchange, shareholders of the Company holding more than
Management of the Company believes that the Consolidation will provide the Company with a share structure that will better attract future capital financing and enhance growth opportunities.
Completion of the Consolidation is subject to approval by the Exchange.
About the Company
The Company is a mineral exploration company listed on the Exchange. The Company currently has no current mineral properties and is seeking to identify and acquire a new mineral property.
For further information contact:
Barry Girling
778 772 9947
bgirling@highcliffmetals.com
This News Release includes certain forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: ability to complete the complete the private placement financing, acquire a new mineral property and uncertainty of access to additional capital. Accordingly, actual and further events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242937
FAQ
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